If they wanted to help people out with college loans
Posted on: August 24, 2022 at 17:38:51 CT
Tigrrrr!
MU
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they would prohibit the lenders from jacking the rates when loans are consolidated from multiple school years.
What was once a very reasonable loan rate, but overwhelming for new grads who had multiple payments due each month, got changed to a predatory interest rate with one payment that now took forever to pay back because so little of each monthly payment went to the principal.